Business

BB&T, SunTrust win US antitrust approval to merge


A customer uses an automatic teller machine (ATM) at a SunTrust Banks Inc. branch in Washington, D.C., on Thursday, Jan. 11, 2018.


Andrew Harrer | Bloomberg | Getty Images


BB&T and SunTrust Banks have won U.S. antitrust approval to merge on condition that they divest 28 branches in three states, the Justice Department said on Friday.


The deal still needs approval from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, the department said.


BB&T Corp and SunTrust Banks Inc have won U.S. antitrust approval to merge.


The deal was approved on condition that they divest 28 branches in three states.






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